Moving to another question will save this response. Question 7 The two basic types of purchasing contracts are: A fixed-price and cost-based. B. bid-rigged and cost-plus. c.cost-zero and fixed-variable. D.fixed-quantity and variable-cost. Moving to another question will save this response. POLUILLUS -> Moving to another question will save this response. Question 8 JIT or Lean can be used in: A repetitive production. B.job shop production. c. many service industries. All of these settings are appropriate for JIT/Lean. 2010 % -7 Question Completion Status: > Moving to another question will save this response. Question of 50 Question 9 2 points Save Answer The bullwhip effect says that a small change in demand downstream in the supply chain causes a large change in demand upstream. True False Moving to another question will save this response Question 9 of 50 Remaining Time: 1 hour, 32 minutes, 06 seconds. Question Completion Status: Moving to another question will save this response. Question 10 of 50 Question 10 2 points Save Answer Nora Damus reviews her forecasting triumphs and failures as part of her annual report to the Chief Operating Officer. She notes that her monthly forecast for batteries has a mean forecast error of 20, and a mean absolute deviation of 20. Which of the following statements about her forecast is BEST? Nora has miscalculated her mean forecast error. Nora has miscalculated her mean absolute deviation c. Nora has a negative tracking signal. Nora has a positive tracking signal. Question 10 of 50 Moving to another question will save this response Moving to another question will save this response Question 11 Exponential smoothing with an alpha of one will yield identical results to a last period forecast. True False Moving to another question will save this Moving to another question will save this response. Question 7 The two basic types of purchasing contracts are: A fixed-price and cost-based. B. bid-rigged and cost-plus. c.cost-zero and fixed-variable. D.fixed-quantity and variable-cost. Moving to another question will save this response. POLUILLUS -> Moving to another question will save this response. Question 8 JIT or Lean can be used in: A repetitive production. B.job shop production. c. many service industries. All of these settings are appropriate for JIT/Lean. 2010 % -7 Question Completion Status: > Moving to another question will save this response. Question of 50 Question 9 2 points Save Answer The bullwhip effect says that a small change in demand downstream in the supply chain causes a large change in demand upstream. True False Moving to another question will save this response Question 9 of 50 Remaining Time: 1 hour, 32 minutes, 06 seconds. Question Completion Status: Moving to another question will save this response. Question 10 of 50 Question 10 2 points Save Answer Nora Damus reviews her forecasting triumphs and failures as part of her annual report to the Chief Operating Officer. She notes that her monthly forecast for batteries has a mean forecast error of 20, and a mean absolute deviation of 20. Which of the following statements about her forecast is BEST? Nora has miscalculated her mean forecast error. Nora has miscalculated her mean absolute deviation c. Nora has a negative tracking signal. Nora has a positive tracking signal. Question 10 of 50 Moving to another question will save this response Moving to another question will save this response Question 11 Exponential smoothing with an alpha of one will yield identical results to a last period forecast. True False Moving to another question will save this